Africa Energy

An expanding economy and growing population are increasing demand for power in Ghana and while lower levels of hydroelectric generation, sparked by a long-running drought, has reduced output, the forthcoming completion of several new plants should help ensure supply keeps pace with demand.

Après des mois de négociations, le Gabon a signé en août sept contrats d’exploration et de production pétrolière, espérant ainsi inciter de nouvelles campagnes d’exploration en offshore profond et générer jusqu’à 1,1 milliard de dollars d’investissements, selon les estimations du ministère gabonais du pétrole.

In the latest push by Nigeria’s larger corporates to expand their continental footprint, Dangote Industries has announced plans for significant new capital commitments throughout sub-Saharan Africa alongside two of the world’s largest institutional investors at the first ever US-Africa Summit in Washington DC in August.

With its significant reserves of liquefied natural gas (LNG), Egypt has been a key exporter for regional consumers over the past decade but with growing domestic consumption and a number of fiscal constraints, the country has been looking to secure additional supplies by expanding LNG capacity.

In a move to tap into its vast geothermal energy resources, Kenya recently invited bids for the construction of two new power plants, representing another step forward in its 2017 target to boost electricity production by 5000MW.